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Tuesday, May 13, 2025

Fed’s inflation fight batters crypto market as pressure mounts - Forkast News

In this issue
Crypto prices: Deep freeze
Ava Labs: Blame and denial
Chinese blockchain: Powering up
From the Editor’s Desk
Dear Reader,
We may be more than three months from the official beginning of winter, but another cold blast has hit cryptocurrency markets in recent days.
Indirectly, the chill has been coming from a country where, in the movies, at least, it’s always winter: Russia, and the inflation and myriad economic woes that Moscow’s war on Ukraine have done much to create.
But more directly, the cold arrived from Jackson Hole, in the U.S. state of Wyoming, where Federal Reserve Chairman Jerome Powell gave a speech making clear that — short-term gains be damned — the Fed’s muscular approach to tackling inflation is here to stay until the beast is tamed.
Not so long ago, the prospect of rising prices and consequently rattled equity markets might have prompted crypto investors to double down on their bets, and encouraged more of the crypto-curious looking to get in on the...



Read Full Story: https://forkast.news/fed-inflation-crypto-market-avalanche/

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